earnings
confidence high
sentiment neutral
materiality 0.70
Ulta Beauty Q3 net sales $2.53B (+1.7%), comps +0.6%, EPS $5.14; raises FY24 EPS guidance
Ulta Beauty, Inc.
2024-Q3 EPS reported
$16.93
revenue$7,808,035,000
- Net sales $2.53B vs $2.49B YoY; comparable sales +0.6% (prior +4.5%).
- Net income $242.2M ($5.14 diluted EPS) vs $249.5M ($5.07).
- Operating margin 12.6% vs 13.1%; SG&A deleverage partially offset by inventory shrink improvement.
- FY24 EPS guidance raised to $23.20-$23.75 (from $22.60-$23.50); net sales narrowed to $11.1-$11.2B.
- Repurchased 731k shares for $267M in Q3; $2.9B remaining under $3.0B buyback program.